Defection at the top ranks edward jones

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Jun 27, 2006 2:38 pm

Why would a 5 year vet stay let alone some one with 28 years?


What took him so long?   

Jun 27, 2006 3:36 pm

Spiked-


Because (think of Richard Nixon and the flapping gowls in an Elmer Fudd voice) EDJ may not be "THE GREATEST SALES FORCE IN THE WORLD".


Jun 27, 2006 4:10 pm

I just talked to RANKSTOCKS- Here's the real scoop- Rank said is a

loser. He couldn't make it and that's the reason why he is leaving.

Oh yeah and RANK got "The Lions' Share" of the assets in the office so

all is well now.

- You know who these are now.

Jun 27, 2006 4:12 pm

Well managing an open office in Dodge City Kansas sounds like a job Doug Hill might actually be qualified to do.  Could the firm spare him from the top management position he currently fills to have him do something that is actually productive.

Jun 27, 2006 5:05 pm

I'll play.


Doug can't go back. He had to get the heck outta Dodge in the first place for selling those bonds that went tits up.

Jun 27, 2006 10:06 pm
munytalks:

I just talked to RANKSTOCKS- Here's the real scoop- Rank said Garry Fry is a loser. He couldn't make it and that's the reason why he is leaving.


Oh yeah and RANK got "The Lions' Share" of the assets in the office so all is well now.


 - You know who these are now.

Is Rank a relative of a jones GP?

Jun 27, 2006 10:11 pm
munytalks:

I just talked to RANKSTOCKS- Here's the real scoop- Rank said Garry Fry is a loser. He couldn't make it and that's the reason why he is leaving.


Oh yeah and RANK got "The Lions' Share" of the assets in the office so all is well now.


 - You know who these are now.



Now Rank will have about 200 million under management.    Of course, the first 100 million he brought in all by himself.  Yeah right.

Jun 27, 2006 10:41 pm

Any truth to the rumor that some of the big guns at Jones are coming out into the field to host "workshops" for groups of IRs?  What's that all about? 

Jun 27, 2006 11:24 pm

Fascinating stuff...28 years is a lot of effort to walk away from. I hope those

in the know keep this thread updated. What was approximate production/

AUM? Anyone know specifically why he made the jump that deep into his

career?

Jun 27, 2006 11:54 pm
Devoted SA:

I'll play.



Doug can't go back. He had to get the heck outta Dodge in the first place for selling those bonds that went tits up.





You ever sell an investment that went bad? Oh, I forgot, you can't sell anything.   

Jun 27, 2006 11:56 pm
Indyone:

Fascinating stuff...28 years is a lot of effort to walk away

from. I hope those in the know keep this thread updated. What was

approximate production/AUM? Anyone know specifically why he made the

jump that deep into his career?





Take his book and sell it later?

Jun 28, 2006 12:06 am

That was one thought that crossed my mind, although I'm guessing he's not hurting for money...

Jun 28, 2006 8:22 am

No matter how long you (we) have been in business, it is still our decision who we want our override to go to. Maybe he just got tired of underwriting stupidity.

Jun 28, 2006 10:28 am

Or maybe he wanted to be paid for the hard work over the years building his branch to a cash machine for the firm.

Jun 28, 2006 12:17 pm
Incredible Hulk:
Devoted SA:

I'll play.



Doug can't go back. He had to get the heck outta Dodge in the first place for selling those bonds that went tits up.




You ever sell an investment that went bad? Oh, I forgot, you can't sell anything.   


You've figured out my evil plan Mr. Hulk. Nothing gets by you.


No, you are correct I've not sold anything, that's gone awry. I have however taken plenty of calls from clients who've basically crawled up my *ss  with an alien anal probe on some things that have gone bad. (fortunately they were things that transferred in, not things my rep sold)


What've you sold lately that's gone bad for you? And what's that got to do with me?

Jun 28, 2006 5:21 pm

The Registered Rep Editors are at it again!  I was the one who started this topic.  They erased my post because I used the real name of an IR who left EDJ in favor of Raymond James after 28 years with EDJ in Dodge City, KS.  Doug "three Mil" Hill's old office.


I guess I should read the forum codes.

Jun 28, 2006 10:04 pm
spikedkoolaid:

The Registered Rep Editors are at it again!  I was the one who started this topic.  They erased my post because I used the real name of an IR who left EDJ in favor of Raymond James after 28 years with EDJ in Dodge City, KS.  Doug "three Mil" Hill's old office.


I guess I should read the forum codes.



Interesting that they erased that post and yet they allowed the entire thread bashing Van Pearcy.  I don't have a personal opinion of Van but I think it sucks that his name was used in the thread

Jun 28, 2006 10:12 pm
Incredible Hulk:
Indyone:

Fascinating stuff...28 years is a lot of effort to walk away
from.  I hope those in the know keep this thread updated.  What was
approximate production/AUM?  Anyone know specifically why he made the
jump that deep into his career?



Take his book and sell it later?


And what is wrong with that Hulk?  After 28 years what should he do?  Maybe just leave and the son of some GP can move in and take it over?  Personally, selling my book was not an issue when I decided to leave the cult and go indy.  What is important to me is having the ability to control what happens to the book when I retire.  Hulk, one day you will wake up and smell the coffee!

Jun 29, 2006 1:30 pm
Incredible Hulk:
Indyone:

Fascinating stuff...28 years is a lot of effort to walk away
from.  I hope those in the know keep this thread updated.  What was
approximate production/AUM?  Anyone know specifically why he made the
jump that deep into his career?



Take his book and sell it later?


Typical response from an Edward Jones employee......you blinded people just can't get it! Whenever an employee leaves for whatever reason you have to say something bad about the alleged defector. Maybe, just maybe the employee does not want to listen to the BS anymore. I can remember when there was quite a few Jones employees leaving in 2004-2005 going to ML,SB,Paine Webber RJ,LPL and Wachovia and one of the company sucks from EDJ was quoted as saying "the reason they are leaving is because of greed". The greed is the reason everyone with half a brain leaves....the greed of the GP's! IH,if an independent could'nt sell their book what would be the reason for them departing? Dementia? As time passes I now realize that EDJ is not even recognized on Wall Street as a brokerage firm, it's a joke and more of a retail outlet for American funds. All of you Jones defenders are Lemmings obeying orders from clueless leaders who rode the 90's bull market and really thought they knew what they were doing. What a complete and embarrassing joke to the financial society.

Jun 29, 2006 1:33 pm

Lemmings.  I like that.


It conjurs up an image of thousands of brokers in cheap suits rushing toward the cliff.